Zhengzhou Coal Mining Machinery Group Co. is seeking regulatory approval to sell shares in Hong Kong at more than the standard 10 percent discount to its Shanghai stock, said two people with knowledge of the matter.
The Chinese city of Zhengzhou will help Foxconn Technology Group recruit more than 100,000 workers next year for its local factory, matching the number it helped the maker of Apple Inc. iPhones and iPads hire in 2011.
Zhengzhou China Resources Gas Co. plans to delist from the Hong Kong stock exchange on Feb. 14 after China Resources Gas Group Ltd. increased its stake, Zhengzhou said in a statement to the Hong Kong stock exchange.
If 4,000 people go on strike at an iPhone factory in China, will anybody know it? That’s the question at the heart of an ongoing puzzle over whether, in fact, iPhone 5 production was shut down by a labor action in the northern Chinese city of Zhengzhou on Friday.